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The other presumed economic bright spots — business investment and exports — are less bright upon closer inspection.
Yet total exports are less than a third of GDP and almost two-thirds go to the recession-hit euro zone.
The group's 13 members, who account for about 40percentt of the world's oil exports, are less eager to reassure consumers than to avoid repeating the mistake of 1997, when the cartel increased output just as the Asian financial crisis was brewing.
Second, the growing insider view is that even if it did, this would not unduly affect Argentina as: Though almost 30% of Argentine exports go to Brazil, total exports are less than 8% of GDP, and some 50% of exports to Brazil are commodities that would find other markets at going international prices.
Although the food industry is affected by the negative effective rate of protection, food exports are less affected by the high tariff on inputs because imported inputs are tariff exempted.
Similar(55)
The drop in exports was less than that of a month ago, but the decline in imports accelerated slightly.
When it was made in 1999, the country's exports were less than a third of America's.
Exports were less affected, but the value of Argentine exports did not surpass the 1889 peak until 1898.
WASHINGTON (Reuters) - The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion.
By 8 February there was a lengthening list of countries that had banned the importation of poultry products from Britain including South Africa, Russia, Japan, and many others but a spokesman for the European Commission condemned the bans as "totally disproportionate" and the British Poultry Council pointed out that exports were less than 9% of the level of domestic sales.
Uganda consumes most of the food it produces, with exports being less than 7percentt of food production.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com